AVZ Discussion 2022
- Thread starter GazDix
- Start date
Mr_Tones83
Regular
It's the same offer from Resource Capital.
It was never a 'takeover offer' as the original Australian Super emails that went around, it has always been a share purchase offer (takeovers are subject to different rules).
Each platform just has different ways of communicating and deadlines with regards to voluntary corporate actions.
Don't stress, it's nothing new.
It was never a 'takeover offer' as the original Australian Super emails that went around, it has always been a share purchase offer (takeovers are subject to different rules).
Each platform just has different ways of communicating and deadlines with regards to voluntary corporate actions.
Don't stress, it's nothing new.
antimatter
Regular
From AVZ's announcement on 25-Jun: "The Board recommends AVZ shareholders retain your shareholding. Do not surrender your AVZ shares to this opportunistic bidder at a price that does not reflect the underlying value of your shares."
AVZ's credibility will be totally shot if they offer the same price to shareholders.
AVZ's credibility will be totally shot if they offer the same price to shareholders.
I have met @John25 personally at the previous AGM, really nice bloke, kept us all amused with his great humour before AVZ suspension and after on HC & TSE forums......... everyone knew he had health issues, but never in a million years did i think we would be discussing his death .
Really sad he wasnt able to enjoy retirement with his AVZ wealth, forced to go back to full time work due to the crooks from Cominiere / Zijin / MAGA brigade etc stealing it from him, almost certain that this stressful 2+yr suspension + work commitments at his age, caused his demise.....
You will be missed my friend.
Hoping your family will eventually benefit from your investment in AVZ down the road.
Beisha
BRICK
Where’s Zeebot 😶🌫️
Will this continued attempt to rat f--k us and the BoD have any impact on AVZ securing $$$$?
From: elections.apac.st@ig.com.au<elections.apac.st@ig.com.au>
Sent: Tuesday, July 2, 2024 2:36 PM
To: Undisclosed recipients:
Subject: (ST) - AVZ Minerals Limited Buyback offer
Dear Client,
AVZ Minerals Limited has announced an off market buy back tender of some or all of your fully paid ordinary shares in the company.
Under the buyback process, eligible holders will be able to tender their ordinary shares at a fixed price of AUD 0.01 per share.
The company advised that you may tender partially or for your entire holding. In the event the company receives applications in excess of the offer amount, shareholders will be scaled back pro rata on the number of shares.....
.............................................................................................................................................................................
Surely the first sentence here should come under some legal scrutiny. Someone purporting to be someone else to attempt to mislead others can't be legal. In the business sense shouldn't ASIC look at this?
Hoping AVZ lawyers have had a good read and adding to the list of future law suits.
Anyone thinking of selling hopefully would reach out to SH on here for a discussion and not believe the $0.01 dribble coming from our detractors/MMGA/Fat tail/ Zijin/ Carrotdick and others.
GLTAH. The good guys will win out.
Sent: Tuesday, July 2, 2024 2:36 PM
To: Undisclosed recipients:
Subject: (ST) - AVZ Minerals Limited Buyback offer
Dear Client,
AVZ Minerals Limited has announced an off market buy back tender of some or all of your fully paid ordinary shares in the company.
Under the buyback process, eligible holders will be able to tender their ordinary shares at a fixed price of AUD 0.01 per share.
The company advised that you may tender partially or for your entire holding. In the event the company receives applications in excess of the offer amount, shareholders will be scaled back pro rata on the number of shares.....
.............................................................................................................................................................................
Surely the first sentence here should come under some legal scrutiny. Someone purporting to be someone else to attempt to mislead others can't be legal. In the business sense shouldn't ASIC look at this?
Hoping AVZ lawyers have had a good read and adding to the list of future law suits.
Anyone thinking of selling hopefully would reach out to SH on here for a discussion and not believe the $0.01 dribble coming from our detractors/MMGA/Fat tail/ Zijin/ Carrotdick and others.
GLTAH. The good guys will win out.
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Mute22
Regular
Might have but what would they care nothing so far and balls to ever go against anything Chinese , health department dont even visit Chinese restaurants because so many rats in the kitchens .
I agree hopefully I can also see some cash before I go , now already 2 years back full time work in construction at 65 years after being semi retired at 60 , they are a pack of low life inhuman un Australian pricks they will get theirs one day . RIP peace John , condolences to the family .I have met @John25 personally at the previous AGM, really nice bloke, kept us all amused with his great humour before AVZ suspension and after on HC & TSE forums......... everyone knew he had health issues, but never in a million years did i think we would be discussing his death .
Really sad he wasnt able to enjoy retirement with his AVZ wealth, forced to go back to full time work due to the crooks from Cominiere / Zijin / MAGA brigade etc stealing it from him, almost certain that this stressful 2+yr suspension + work commitments at his age, caused his demise.....
View attachment 65799
You will be missed my friend.
Hoping your family will eventually benefit from your investment in AVZ down the road.
Beisha
And Hoots your an asshole I hope you live a very unhappy.
Dave Evans
Regular
It’s another offer like the original ones. First one trying to make out there was a takeover and this one trying to make out there’s a buyback - Both appear misleading
Plenty of evidence for AVZ to produce at the WA Supreme Court.
It supposedly targeted institutional, superannuation, and sophisticated investors but now appears to target retail investors.
The funds and share platforms that sent out these emails should be held accountable as well as shareholders have been caught out by these emails stating a takeover or buyback
At least the shareholders on TSE are on to them pretty quickly and already shared this info
https://static1.squarespace.com/sta.../Resource+Capital+Investment+Announcement.pdf
Search Company and Other Registers
connectonline.asic.gov.au
Search: 678207308
Company was set up on June 14
All the codes used in the emails below used the IRESS company identification system of AVZ.AU
Member Direct alert: AVZ.AU Takeover |
Dear xxxxxxxxxxxxxx As you hold shares in AVZ Minerals Limited - Delisted (AVZ.AU), you are able to participate in the recently announced Takeover. This is an elective Corporate Action, meaning you don't need to do anything if you don't want to. Key details:
Your entitlement to participate will be based on your shareholding on the record date of 28/06/2024 and visible in your portfolio holdings from that date. Please consider this if you intend to buy or sell shares in AVZ.AU before then as it may affect your Takeover entitlement. Member Direct election cut-off Please submit your election through Member Direct if you wish to participate. The final date for submitting your decision is 01/07/2024. This is earlier than if you held these shares outside of Member Direct as we need time to process elections for all members and submit them to the registrar. |
Now these
From:elections.apac.st@ig.com.au<elections.apac.st@ig.com.au>
Sent: Tuesday, July 2, 2024 2:36 PM
To: Undisclosed recipients:
Subject: (ST) - AVZ Minerals Limited Buyback offer
Dear Client,
AVZ Minerals Limited has announced an off market buy back tender of some or all of your fully paid ordinary shares in the company.
Under the buyback process, eligible holders will be able to tender their ordinary shares at a fixed price of AUD 0.01 per share.
The company advised that you may tender partially or for your entire holding. In the event the company receives applications in excess of the offer amount, shareholders will be scaled back pro rata on the number of shares.....
.............................................................................................................................................................................
Last edited:
Take care Pokok, I agree whole heartedly with your sentiment, but remember, your true wealth is your health , your family and your TSE community.
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